In a report released yesterday, Bryan Maher from B.Riley FBR maintained a Hold rating on Xenia Hotels & Resorts (XHR), with a price target of $25. The company’s shares opened today at $19.90.
Maher wrote:
“Xenia Hotels & Resorts (XHR) reported results that were largely above our expectations. AFFO/ share came in at $0.58, above our estimate of $0.56 and the consensus estimate of $0.57. Adjusted EBITDAre came in at $75.7M, also above our estimate of $72.6M and the consensus estimate of $73.4M. Same-property RevPAR improved 1.6% Y/Y , driven by ADR growth of 2.5% and a 62-bps decline in occupancy. Food and Beverage revenue of $93.7M was well ahead of our $89.0M estimate and management and franchise fees of $11.1M was well below our $16.9M estimate.”
According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.2% and a 52.2% success rate. Maher covers the Financial sector, focusing on stocks such as Office Properties Income Trust, Braemar Hotels & Resorts Inc, and Community Healthcare Trust.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Xenia Hotels & Resorts with a $17 average price target.
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The company has a one-year high of $25.90 and a one-year low of $16.47. Currently, Xenia Hotels & Resorts has an average volume of 565K.
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Xenia Hotels & Resorts, Inc. is a real estate investment trust company, which engages in the investment in premium services, lifestyle, and urban upscale hotels. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.
